CNBC’s Jim Cramer praised President Donald Trump’s latest response to the coronavirus outbreak on Friday, calling the private sector involvement “a very big deal.” “These are real companies, and they want to do something about it,” Cramer said on “Closing Bell.” “This is not a bunch of bureaucrats who are saying, ‘We ought to do
Democratic presidential candidate former Vice President Joe Biden reacts while giving a speech during a campaign event at Tougaloo College on March 08, 2020 in Tougaloo, Mississippi. Jonathan Bachman | Getty Images Former vice president Joe Biden’s $4 trillion tax plan would raises taxes on higher income households both in life and at death, according
The House Democrats’ coronovirus economic package is generous, and complex. Getty How should the federal government mitigate the economic effects of the emerging pandemic’s disruption? The White House has not yet provided a specific package of legislative proposals, but for its suggestion of a cut in the payroll (FICA/Social Security) tax which The Hill and
Economic Security Planning, Inc. Today’s column addresses questions about the earnings test, spousal benefits at full retirement age, working for a short time at a job not taxed by Social Security, filing a restricted application for divorced spousal benefits and whether filing for a benefit before FRA is required. Larry Kotlikoff is a Professor of
Resident with visitor flickr Editorial/Getty Images As the coronavirus spreads, many nursing homes and assisted living facilities are discouraging family members from visiting loved ones, and they are screening those who do come. President Trump created additional confusion last night when he urged facilities to “suspend all non-essential visits.” What should you do? There is
A 12-step guide to being somewhat safe and comparatively happy. Decon ready Forbes Are you afraid of venturing out into public? Join the crowd. This guide for hermits is aimed at retirees. Read it if you are (a) not obliged to go to an office, (b) over 60 and (c) an empty-nester. Panicky? Yes. But
Getty Yes, I know, I am just as keen to write about other topics than the public pension funding woes, as readers are to read about them, but I nonetheless find myself revisiting an article I wrote back in January, “Six Key Charts That Prove Why There Is No Alternative To Pension Reform In Illinois.”
The spreading coronavirus affects the financial health of millions of low-wage workers. Getty The evolving coronavirus pandemic is shining a light on massive disparities in the U.S. labor market. It is not enough to have a job. People also need good jobs to be financially secure, especially when facing the challenges associated with the spread
NEW YORK, NEW YORK – FEBRUARY 12: Designer Serena Williams speaks with Anna Wintour at the S By … [+] Serena Presentation during New York Fashion Week: The Shows at Spring Place on February 12, 2020 in New York City. (Photo by Dia Dipasupil/Getty Images) Getty Images Unless you are a pro athlete, movie star,
Getty Planning for, and financing, the retirement years isn’t easy — even before the economic and market turmoil from the spread of the coronavirus. But financing a secure retirement is even harder in large parts of rural America. Rural families, on average, earn 25% less than their urban peers. They’re also less likely to be
Getty The reaction you get when you tell someone that you are going to retire is generally one of enthusiastic congratulations. They will tell you how much you are going to love it, how lucky you are, that you deserve it, and on and on. But how does it make you really feel? For many people, it frequently
The stock market is having its worst week since the 2008 financial crisis. Andrew Harnik/ASSOCIATED PRESS Topline: As stocks continue to plunge and investors anxiously await financial stimulus measures to mitigate the economic fallout from the coronavirus pandemic, President Trump insisted that markets will be “just fine,” despite Thursday’s massive sell-off. The stock market’s huge
On Tuesday, President Donald Trump met with Republican lawmakers on Capitol Hill, where he … [+] reportedly discussed a payroll tax holiday. He is flanked by Senate Majority Leader Mitch McConnell, Vice President Mike Pence and Senator Roy Blunt. Getty Images As the COVID-19 death toll rises in the United States and around the world,
Getty (Note: Updated March 13, 2020) Will tax season close on time? Increasingly, taxpayers and tax professionals believe that there may be an extension of the tax filing season due to concerns about COVID-19. COVID-19 is the official name for the infectious disease caused by the most recently discovered coronavirus. According to the World Health Organization,
Stock market down on coronavirus fears. Getty Worldwide, more than 4,000 deaths. More than 120,000 infected. Cratering stock prices. Plunging interest rates. Plummeting oil prices. Supply chains, stressed by tariffs, now broken. Necessities stripped from store shelves. Quarantines. Social distancing. Mall traffic tumbling. Restaurants struggling. Flights canceled. Conferences canceled. March Madness now sadness. Business and
Shutterstock Shutterstock Updates: March 13 at 3 pm ET: Per Tax Talks, “President Trump declared a national emergency under the Robert T. Stafford Disaster Relief and Emergency Assistance Act in response to the coronavirus. This declaration allows the Treasury Department and the IRS to extend the deadline for certain taxpayers and small businesses to pay taxes until
Markets are rallying after their worst drop since 1987 yesterday. Bryan R. Smith/AFP via Getty Images Topline: The stock market rallied somewhat on Friday—a day after its worst drop since the 1987 Black Monday crash—on hopes that global policy makers will take quick action and provide financial stimulus to address the economic fallout from the
I will pay my taxes sentence written repeatedly on blackboard as a punishment. Getty Routine activity theory explains tax evasion by looking at it as the convergence of motivated taxpayers, attractive tax savings, and guardians that are incapable of stopping or deterring evasion. Greater tax burdens and heavy reliance on self-assessment facilitate an environment conducive
Getty The Internal Revenue Service (IRS) has announced the indictment of Michael Rahim Mohammad, a Dutch national. Mohammad, sometimes called “Mr. Dark,” has been accused of operating Dark Scandals, websites that featured violent rape videos and depictions of child pornography. According to court pleadings, Mohammad was the administrator of the DarkScandals Sites, which he began operating in
This year, geeks will have to celebrate Pi Day without a party. Getty Pi Day is one of my favorite holidays, where I have a chance to celebrate math, pies, and puns. All of which I love. This year it falls on a Saturday (3/14), making it a perfect opportunity to party with friends. But,